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Star Cement Ltd.

BSE: 540575 Sector: Industrials
BSE 00:00 | 24 Apr 2020 Star Cement Ltd
NSE 05:30 | 01 Jan 1970 Star Cement Ltd

Status Of The Buyback Offer Of Star Cement Limited

September 23, 2019, 4:40 pm | Source: BSE

Further to our letter dated 27th August 2019 in respect of update on buy back of shares of the Company we would like to apprise you that Honble Finance Minister has announced on 20th September 2019 that there will be no Buyback tax on listed companies that had announced buyback offer before 5th July 2019. Since the Company had made public announcement on buy back of shares on 25th June 2019
therefore it falls under the exempted category. Though the Company has also sought approval of the members at the ensuing annual general meeting for payment of buy back tax if any however in view of the aforesaid announcement by the Honble Finance Minister we do not seek any deviation from the original proposed offer and we are going ahead with the proposal subject to receipt of approval from
the Securities and Exchange Board of India (SEBI).

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